Newly merged Janus Henderson lost its global head of fixed income, less than six months into the job.
Kumar Palghat steps down after six months in the role, with the firm citing family reasons for his departure. Palghat co-founded Kapstream Capital in 2006 and the firm was acquired by Janus in 2015. He will return to Kapstream Capital as a portfolio manager.
A spokesperson for Janus Henderson explained that given the significant travel required between Sydney, London and Denver, Palghat had decided it would be best for his family and him if he returned to his role within the Kapstream Capital organisation in Australia.
Departures in Asia
Replacing Palghat as global head of fixed income is Jim Cielinski who will be based in the firm's London headquarters, effective November 1 2017. Cielinski moved to Janus Henderson from Columbia Threadneedle.
Following the merger with Henderson, Janus Capital’s former head of Asia also exited the new entity. Gigi Chan, head of China at Janus Henderson Investors, decided to leave the company «in order to pursue other interests.»
